4 Main Reasons People Fail To Make Money Online

The first principle a lot of people don’t understand is that there is absolutely NO direct link between work and money… People must learn to be effective instead of efficient.

Your banker will never ask you how hard you worked for your money.

Having the right strategy is very important in order to make cash online.

The second thing a lot of people who fail to make money online lack is a sense of urgency.

Most people rationalize like crazy, and the most popular and money sucking excuse is manipulating time.

I’ll do it later… or I’ll do it tomorrow. But tomorrow never comes. The road to someday leads to a town called nowhere. Out of the few people that really do take action… some of them fail because they become perfectionist, and spend months if not years creating their product… instead of focusing on marketing.

The third reason people fail to make good money online is because they focus about 90% of their time on product creation and the remaining time to getting traffic and marketing their product.

If you ask me this ratio is a recipe for disaster. A great ratio that works great is to spend 20% of your time on product creation, 40% of your time on the marketing of that product, and 40% of your time on generating leads and traffic for your product.

If you get this ratio wrong, you might have an outstanding product that no one ever sees.

The fourth major reason people fail to make money online is because they lack the belief. Answer this question right now… How hard would you work if you absolutely knew without a doubt that the next product and sales letter you create would make you 1 million dollars? If there was zero doubt that it would be a mega success?

Every successful person needs to create that sense of belief and certainty that their ideas will be profitable… and honestly that belief comes from competence.

Competence breeds confidence.

Start small.

Don’t set goals of being a millionaire by next week.

If you’ve never made any money online… start with a simple goal of making $1 profit on the internet.

I guarantee you the 2nd dollar you make will be easier and so will the 3rd …all the way until you are making enough cash per month to pay all your expenses, and then you can kiss your job goodbye.

easy success formula… your goals are almost guaranteed to become reality.

Step 1: Know exactly what you want. Have a very specific, clear, and achievable goal.

Step 2: Take massive action, do everything you can to get you closer to your goal.

Step 3: See what results you’re getting. Have enough sensory acuity to know if what you are doing is getting you closer or further away from your goal.

Step 4: Keep changing your approach until you get what you want.

Those are the action steps I want you to take as soon as you finish reading this article. Reading will not get you what you want. Taking action will… so take action and implement what you have learned in this short yet powerful article.

Comments

This is a simple, but powerful guest post. I think these are factors that aspiring money makers should realize first before trying any strategy, especially bloggers.

Most beginners fail to understand that they are going into a business, which needs feasibility and deep analysis. Not to mention, focus and getting the right resources.

I also agree with the four easy formula mentioned above. However, I think that the first step should include the reason of your goal. Why do you want money? Is for the house payment, schooling, savings for the future, etc?
What will you do with first $100? your next $50? Sometimes, we tend to spend our money in the wrong way if we don’t have a specific reason for it.